Blossom Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $173,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $34,373. Click here to view the factor table. What is its approximate intemal rate of return? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided, eg. 1.25124 and final answers to 0 decimal places, e.g. 16\%.) Appendix 13A Time Value of Money